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Business, 15.02.2021 20:10 dnjames01

During the first month (April 20--), the following transactions occurred. a. Invested cash in business, $18,000.
b. Bought office supplies for $4,600: $2,000 in cash and $2,600 on account.
c. Paid one-year insurance premium, $1,200.
d. Earned revenues totaling $3,300: $1,300 in cash and $2,000 on account.
e. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,300.
f. Paid office rent for the month, $750.
g. Withdrew cash for personal use, $100.

Required:
Show the effect of each transaction on the individual accounts.

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During the first month (April 20--), the following transactions occurred. a. Invested cash in busin...
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